| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to authorizing the issuance of revenue bonds to fund |
|
|
capital projects at public institutions of higher education. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter B, Chapter 55, Education Code, is |
|
|
amended by adding Sections 55.1791, 55.1792, 55.1793, 55.1794, |
|
|
55.1795, 55.1796, 55.1797, 55.1798, 55.1799, and 55.17992 to read |
|
|
as follows: |
|
|
Sec. 55.1791. THE TEXAS A&M UNIVERSITY SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of The Texas A&M University System |
|
|
may acquire, purchase, construct, improve, renovate, enlarge, or |
|
|
equip property and facilities, including roads and related |
|
|
infrastructure, for projects to be financed through the issuance of |
|
|
bonds in accordance with this subchapter and in accordance with a |
|
|
systemwide revenue financing program adopted by the board for the |
|
|
following institutions, not to exceed the following aggregate |
|
|
principal amounts for the projects specified, as follows: |
|
|
(1) Prairie View A&M University, $60 million for |
|
|
construction of an engineering classroom and research building; |
|
|
(2) Tarleton State University, $72 million for |
|
|
construction of an agricultural and natural resources building; |
|
|
(3) Texas A&M University, $75 million for construction |
|
|
of an instructional laboratory and innovative learning facility; |
|
|
(4) Texas A&M University--Central Texas, $25 million |
|
|
for construction of a central utility plant; |
|
|
(5) Texas A&M University--Commerce, $49.5 million for |
|
|
construction of an agriculture multipurpose education and training |
|
|
center; |
|
|
(6) Texas A&M University--Corpus Christi, $58.5 |
|
|
million for construction of an arts and media building; |
|
|
(7) Texas A&M University at Galveston, $58,349,500 for |
|
|
construction of an immersive scholarship and learning environment |
|
|
building, a central plant, and campus infrastructure; |
|
|
(8) Texas A&M International University, $9 million for |
|
|
renovation of and additions to the fine and performing arts |
|
|
building; |
|
|
(9) Texas A&M University--Kingsville, $65 million for |
|
|
construction of a STEM and health professions workforce development |
|
|
complex; |
|
|
(10) Texas A&M University--San Antonio, $53 million |
|
|
for construction of an academic and library building; |
|
|
(11) Texas A&M University--Texarkana, $46 million for |
|
|
construction of a business, engineering, and technology building; |
|
|
(12) West Texas A&M University, $28.5 million for |
|
|
capital improvements to address life and fire safety issues; and |
|
|
(13) The Texas A&M University System Health Science |
|
|
Center, $100 million for a joint project with The University of |
|
|
Texas M. D. Anderson Cancer Center and The University of Texas |
|
|
Health Science Center at Houston for construction of a biomedical |
|
|
research facility. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of The Texas A&M University |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of The Texas A&M |
|
|
University System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.1792. THE UNIVERSITY OF TEXAS SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of The University of Texas System |
|
|
may acquire, purchase, construct, improve, renovate, enlarge, or |
|
|
equip property and facilities, including roads and related |
|
|
infrastructure, for projects to be financed through the issuance of |
|
|
bonds in accordance with this subchapter and in accordance with a |
|
|
systemwide revenue financing program adopted by the board for the |
|
|
following institutions, not to exceed the following aggregate |
|
|
principal amounts for the projects specified, as follows: |
|
|
(1) The University of Texas at Arlington, $60.8 |
|
|
million for construction of a social work and college of nursing |
|
|
academic building; |
|
|
(2) The University of Texas at Austin, $100 million |
|
|
for restoration of the J. T. Patterson Labs building; |
|
|
(3) The University of Texas at Dallas, $60 million for |
|
|
a joint project with The University of Texas Southwestern Medical |
|
|
Center at Dallas for construction of a transitional biomedical |
|
|
engineering and science building; |
|
|
(4) The University of Texas at El Paso, $100 million |
|
|
for construction of an advanced teaching and learning complex; |
|
|
(5) The University of Texas of the Permian Basin, $40 |
|
|
million for improvement and renovation of the Mesa building; |
|
|
(6) The University of Texas--Rio Grande Valley, $70 |
|
|
million for construction of a health affairs building; |
|
|
(7) The University of Texas at San Antonio, $100 |
|
|
million for construction of a college of business building; |
|
|
(8) The University of Texas at Tyler, $50 million for |
|
|
construction of a college of nursing and health science building; |
|
|
(9) The University of Texas Health Science Center at |
|
|
Houston, $100 million for a joint project with The Texas A&M |
|
|
University System Health Science Center and The University of Texas |
|
|
M. D. Anderson Cancer Center for construction of a biomedical |
|
|
research facility; |
|
|
(10) The University of Texas Health Science Center at |
|
|
San Antonio, $82 million for construction of the Glenn Biggs |
|
|
Institute for Alzheimer's & Neurodegenerative Diseases building; |
|
|
(11) The University of Texas Health Science Center at |
|
|
Tyler, $18,521,432 for improvement and renovation of a biomedical |
|
|
research building; |
|
|
(12) The University of Texas M. D. Anderson Cancer |
|
|
Center, $100 million for a joint project with The Texas A&M |
|
|
University System Health Science Center and The University of Texas |
|
|
Health Science Center at Houston for construction of a biomedical |
|
|
research facility; |
|
|
(13) The University of Texas Medical Branch at |
|
|
Galveston, $100 million for construction of an education and |
|
|
clinical multiuse building; and |
|
|
(14) The University of Texas Southwestern Medical |
|
|
Center at Dallas, $60 million for a joint project with The |
|
|
University of Texas at Dallas for construction of a transitional |
|
|
biomedical engineering and science building. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of The University of Texas |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of The University |
|
|
of Texas System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.1793. UNIVERSITY OF HOUSTON SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the University of Houston |
|
|
System may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip property and facilities, including roads and |
|
|
related infrastructure, for projects to be financed through the |
|
|
issuance of bonds in accordance with this subchapter and in |
|
|
accordance with a systemwide revenue financing program adopted by |
|
|
the board for the following entity and institutions, not to exceed |
|
|
the following aggregate principal amounts for the projects |
|
|
specified, as follows: |
|
|
(1) the University of Houston System, $75 million for |
|
|
the repair and renovation of the campus located in Katy, Texas; |
|
|
(2) the University of Houston, $60 million for |
|
|
construction of a law center building; |
|
|
(3) the University of Houston--Clear Lake, $56 million |
|
|
for Phase II of the STEM and classroom building construction; |
|
|
(4) the University of Houston--Downtown, $100 million |
|
|
for construction of an arts, sciences, engineering, and |
|
|
entrepreneurship center; and |
|
|
(5) the University of Houston--Victoria, $74.7 |
|
|
million for campus expansion. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the University of Houston |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the University |
|
|
of Houston System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.1794. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the Texas State University |
|
|
System may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip property and facilities, including roads and |
|
|
related infrastructure, for projects to be financed through the |
|
|
issuance of bonds in accordance with this subchapter and in |
|
|
accordance with a systemwide revenue financing program adopted by |
|
|
the board for the following institutions, not to exceed the |
|
|
following aggregate principal amounts for the projects specified, |
|
|
as follows: |
|
|
(1) Lamar University, $45 million for construction of |
|
|
a digital learning center; |
|
|
(2) Lamar State College--Orange, $32 million for |
|
|
construction of an academic building; |
|
|
(3) Lamar State College--Port Arthur, $20 million for |
|
|
construction of an allied health building; |
|
|
(4) Lamar Institute of Technology, $20 million for |
|
|
construction of a workforce training center; |
|
|
(5) Sam Houston State University, $70 million for |
|
|
construction of an allied health building; |
|
|
(6) Sul Ross State University, $25.5 million for |
|
|
expansion of the fine arts facility; |
|
|
(7) Sul Ross State University Rio Grande College, $20 |
|
|
million for construction of an education center located in Eagle |
|
|
Pass, Texas; and |
|
|
(8) Texas State University, $100 million for |
|
|
construction of a STEM classroom building located in San Marcos, |
|
|
Texas. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the Texas State University |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the Texas State |
|
|
University System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.1795. UNIVERSITY OF NORTH TEXAS SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the University of North Texas |
|
|
System may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip property and facilities, including roads and |
|
|
related infrastructure, for projects to be financed through the |
|
|
issuance of bonds in accordance with this subchapter and in |
|
|
accordance with a systemwide revenue financing program adopted by |
|
|
the board for the following institutions, not to exceed the |
|
|
following aggregate principal amounts for the projects specified, |
|
|
as follows: |
|
|
(1) the University of North Texas, $100 million for |
|
|
construction of a science and technology research building; |
|
|
(2) the University of North Texas at Dallas, $92 |
|
|
million for construction of a STEM building; and |
|
|
(3) the University of North Texas Health Science |
|
|
Center at Fort Worth, $100 million for construction of an academic |
|
|
building. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the University of North Texas |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the University |
|
|
of North Texas System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.1796. TEXAS WOMAN'S UNIVERSITY; ADDITIONAL BONDS. |
|
|
(a) In addition to the other authority granted by this subchapter, |
|
|
the board of regents of Texas Woman's University may acquire, |
|
|
purchase, construct, improve, renovate, enlarge, or equip property |
|
|
and facilities, including roads and related infrastructure, for a |
|
|
health sciences center, to be financed through the issuance of |
|
|
bonds in accordance with this subchapter, not to exceed the |
|
|
aggregate principal amount of $100 million. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Texas Woman's University, including student tuition charges. The |
|
|
amount of a pledge made under this subsection may not be reduced or |
|
|
abrogated while the bonds for which the pledge is made, or bonds |
|
|
issued to refund those bonds, are outstanding. |
|
|
Sec. 55.1797. MIDWESTERN STATE UNIVERSITY; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of Midwestern State University may |
|
|
acquire, purchase, construct, improve, renovate, enlarge, or equip |
|
|
property and facilities, including roads and related |
|
|
infrastructure, for infrastructure upgrades, to be financed |
|
|
through the issuance of bonds in accordance with this subchapter, |
|
|
not to exceed the aggregate principal amount of $10 million. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Midwestern State University, including student tuition charges. |
|
|
The amount of a pledge made under this subsection may not be reduced |
|
|
or abrogated while the bonds for which the pledge is made, or bonds |
|
|
issued to refund those bonds, are outstanding. |
|
|
Sec. 55.1798. STEPHEN F. AUSTIN STATE UNIVERSITY; |
|
|
ADDITIONAL BONDS. (a) In addition to the other authority granted |
|
|
by this subchapter, the board of regents of Stephen F. Austin State |
|
|
University may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip property and facilities, including roads and |
|
|
related infrastructure, for a natural resources science and |
|
|
innovations laboratory, to be financed through the issuance of |
|
|
bonds in accordance with this subchapter, not to exceed the |
|
|
aggregate principal amount of $48 million. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
Stephen F. Austin State University, including student tuition |
|
|
charges. The amount of a pledge made under this subsection may not |
|
|
be reduced or abrogated while the bonds for which the pledge is |
|
|
made, or bonds issued to refund those bonds, are outstanding. |
|
|
Sec. 55.1799. TEXAS TECH UNIVERSITY SYSTEM; ADDITIONAL |
|
|
BONDS. (a) In addition to the other authority granted by this |
|
|
subchapter, the board of regents of the Texas Tech University |
|
|
System may acquire, purchase, construct, improve, renovate, |
|
|
enlarge, or equip property and facilities, including roads and |
|
|
related infrastructure, for projects to be financed through the |
|
|
issuance of bonds in accordance with this subchapter and in |
|
|
accordance with a systemwide revenue financing program adopted by |
|
|
the board for the following institutions, not to exceed the |
|
|
following aggregate principal amounts for the projects specified, |
|
|
as follows: |
|
|
(1) Angelo State University, $22.5 million for |
|
|
construction of a college of arts and humanities building; |
|
|
(2) Texas Tech University, $100 million for |
|
|
construction of a science and engineering complex; |
|
|
(3) Texas Tech University Health Sciences Center, |
|
|
$34,650,000 for expansion of the academic and clinic building |
|
|
located in Amarillo, Texas; and |
|
|
(4) Texas Tech University Health Sciences Center at El |
|
|
Paso, $92,349,000 for construction of a dental school building. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the Texas Tech University |
|
|
System, including student tuition charges. The amount of a pledge |
|
|
made under this subsection may not be reduced or abrogated while the |
|
|
bonds for which the pledge is made, or bonds issued to refund those |
|
|
bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the Texas Tech |
|
|
University System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
Sec. 55.17992. TEXAS STATE TECHNICAL COLLEGE SYSTEM. (a) |
|
|
In addition to the other authority granted by this subchapter, the |
|
|
board of regents of the Texas State Technical College System may |
|
|
acquire, purchase, construct, improve, renovate, enlarge, or equip |
|
|
property and facilities, including roads and related |
|
|
infrastructure, for projects to be financed through the issuance of |
|
|
bonds in accordance with this subchapter for the following entity |
|
|
and institutions, not to exceed the following aggregate principal |
|
|
amounts for the projects specified, as follows: |
|
|
(1) Texas State Technical College System, $16.5 |
|
|
million for Phase II of the industrial technology center located in |
|
|
Williamson County; |
|
|
(2) Texas State Technical College--Fort Bend, |
|
|
$30,377,000 for Phase III of the campus construction; |
|
|
(3) Texas State Technical College--Harlingen, $20 |
|
|
million for construction of an industrial technology center; |
|
|
(4) Texas State Technical College--Marshall, |
|
|
$8,572,000 for consolidation construction for a single campus; |
|
|
(5) Texas State Technical College--North Texas, |
|
|
$10,938,000 for Phase II of the new campus construction; |
|
|
(6) Texas State Technical College--Waco, $20 million |
|
|
for construction of a computer technology center; and |
|
|
(7) Texas State Technical College--West Texas, |
|
|
$28,177,000 for Phase II of the Abilene campus construction. |
|
|
(b) The board may pledge irrevocably to the payment of bonds |
|
|
authorized by this section all or any part of the revenue funds of |
|
|
an institution, branch, or entity of the Texas State Technical |
|
|
College System, including student tuition charges. The amount of a |
|
|
pledge made under this subsection may not be reduced or abrogated |
|
|
while the bonds for which the pledge is made, or bonds issued to |
|
|
refund those bonds, are outstanding. |
|
|
(c) If sufficient funds are not available to the board to |
|
|
meet its obligations under this section, the board may transfer |
|
|
funds among institutions, branches, and entities of the Texas State |
|
|
Technical College System to ensure the most equitable and efficient |
|
|
allocation of available resources for each institution, branch, or |
|
|
entity to carry out its duties and purposes. |
|
|
SECTION 2. This Act does not affect any authority or |
|
|
restriction regarding the activities that a public institution of |
|
|
higher education may conduct in connection with a facility financed |
|
|
by bonds authorized by this Act. |
|
|
SECTION 3. This Act takes effect September 1, 2019. |